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 & (1) & (2) & (3) & (4) & (5) \\
VARIABLES & EU & EN & UE & NE & EEjob\_new \\ \hline
 &  &  &  &  &  \\
rc\_severance1year\_z & 0.001 & 0.007 &  &  & -0.002 \\
 & (0.002) & (0.006) &  &  & (0.005) \\
h\_ratwage\_z &  &  & 0.006 & 0.002 &  \\
 &  &  & (0.014) & (0.007) &  \\
 &  &  &  &  &  \\
Observations & 523 & 523 & 134 & 134 & 460 \\
R-squared & 0.005 & 0.068 & 0.002 & 0.001 & 0.002 \\
 Sample Average & 0.021 & 0.033 & 0.284 & 0.083 & 0.048 \\ \hline
\multicolumn{6}{c}{ \textit{Table notes:} Standard errors clustered by country. *p$<$.05, **p$<$.01, ***p$<$.001. Regulatory variable measured as z-score.} \\
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